India

Market Infrastructure

RBI to Review Framework for Core Investment Firms

By Editors | 04/07/2019

Concerned that oversight of increasingly complex core investment firms is now inadequate, the RBI has set up a working group to review its framework.

Capital / Liquidity

RBI Relaxes Leverage Ratio to Boost Lending

By Editors | 02/07/2019

The RBI has reduced the leverage ratio from 4.5% at present to 4% for D-SIBs (domestic systemically important banks) and 3.5% for other banks.

Market Infrastructure

ESMA Recognises NSE IFSC Clearing Corp as Third Country CCP

By Editors | 02/07/2019

The recognition ensures European participants can apply lower risk to trade exposures to NSE IFSC Clearing Corporation and thus benefit from lower capital requirements.

Securities / Derivatives

SEBI Approves Tighter Norms for Mutual Funds

By Editors | 01/07/2019

At its latest board meeting, SEBI approved tighter norms for mutual funds and pledged shares, while also approving a new framework for shares with differential voting rights.

Capital / Liquidity

India’s Banks Are Becoming More Resilient: RBI

By Editors | 01/07/2019

The RBI says gross NPA ratios and loan provisioning are improving, but it warns that capital adequacy at some banks will fall below requirements without more government cash.

Securities / Derivatives

RBI Issues Consolidated Directions for Interest Rate Derivatives

By Editors | 28/06/2019

Under the new directions, stock exchanges and OTC market-makers have been given the flexibility to design and structure IRD products tailored to the needs of market participants.

Market Infrastructure

RBI Issues Guidelines for Financial Benchmark Administrators

By Editors | 27/06/2019

Existing financial benchmark administrators will be notified if their benchmark is considered a “significant benchmark”. They will then have three months to apply for RBI authorisation.

Enforcement

RBI Launches Online Platform for Financial Complaints

By Editors | 25/06/2019

The new Complaint Management System allows customers of regulated financial entities in India to lodge complaints against those entities online.

Securities / Derivatives

RBI Retail FX Trading Platform Set for 5 August Launch

By Editors | 21/06/2019

The RBI has said that FX-Retail, the electronic platform for retail foreign exchange trading, will be launched on 5 August.